Zenith Bank Emerges Nigeria’s Biggest Bank By Asset

1650
Zenith Bank

By Hamilton Nwosa (The New Diplomat’s Head, Polls & Data Tracking Desk)

A 34 per cent surge in its asset base in 2020, has lifted Zenith Bank Plc’s value from N6.347 trillion to N8.481 trillion in one year, its audited financial statements showed on Tuesday. This makes it Nigeria’s biggest bank by asset.

READ ALSO:   Just In! INEC To Resume Voters Registration June 28 -- Yakubu

However, Zenith Bank could lose that position to its rival, Access Bank, when the latter’s own financial statements are issued any moment from now.

Access Bank executed no fewer than four major expansion deals on the continent last year, including acquisitions in Kenya, Zambia, Cameroun and Mozambique, which should catapult its asset estimate well beyond the N7.925 trillion reported in September 2020, and has lined up more of such transactions in eight other countries across Africa.

Subscribe to Our VIP Newsletter

Previous articleJust In: More Defections As Makinde Joins APC
Next articleGas Flaring: ERA Raises Alarm Over Agip’s Operations In Bayelsa
Hamilton Nwosa

The New Diplomat stands for ethical journalism, press freedom, accountable republic, and gender-equity. That is why at The New Diplomat, we are committed to speaking truth to power, fostering a robust community of responsible journalism, and using high quality polls, data, and surveys to engage the public with compelling narratives about political, business, socio-economic, environmental, and situational dynamics in Nigeria, Africa, and globally. From our insightful reports of political issues to our riveting investigations and analyses of business, socio-economic, and cross-cutting sectors, The New Diplomat remains ever committed to investigative reporting and ethical journalism. Support and partner with The New Diplomat today, to guarantee a positive future for all under an atmosphere of free press!

LEAVE A REPLY

Please enter your comment!
Please enter your name here